Audit Committee

It is the Audit Committee’s duty to assist the board of directors in monitoring (i) the integrity of the financial statements of the Company; (ii) the independent auditors’ qualifications and independence; (iii) the performance of the Company’s internal audit function, which has been outsourced to Deloitte & Touche, LLP, and independent auditors; and (iv) the compliance by the Company with legal and regulatory requirements. The Audit Committee has sole authority to appoint or replace our independent auditors.